Medallion of Iron

A symbol of perseverance and determination, qualities sought by the Lords of Iron.

You will earn bonus event standing for each Medallion you carry upon victory in the Iron Banner. You can carry up to 5.

― In-game description

Medallions of Iron are commendations earned during the Iron Banner events. They are awarded for losing a match and redeemed automatically upon winning[1] for an amount of Iron Banner Reputation that is slightly less than the amount awarded for an Iron Banner win.